Sana Biotechnology, Inc. (SANA) intrinsic value & 10-year financials

Sana Biotechnology, Inc. (SANA) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.27
Market cap
$574.8M
Revenue (FY2025)
—
ROIC (10-yr avg)
-175.7%
Free cash flow (FY2025)
-$144.8M

SANA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$244.2M -$0.96 -$144.8M — -140.0%
FY2024 — -$266.8M -$1.16 -$256.6M — -118.7%
FY2023 — -$283.3M -$1.46 -$273.6M — -85.4%
FY2022 — -$269.5M -$1.43 -$310.9M — -54.1%
FY2021 — -$355.9M -$2.14 -$280.9M — -715.7%
FY2020 — -$285.3M -$1.69 -$161.9M — 59.7%
FY2019 — -$130.8M — -$111.6M — —
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Sana Biotechnology, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Sana Biotechnology, Inc. has historically struggled to out-earn its cost of capital, averaging just -57.6% ROIC.

Sana Biotechnology, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Sana Biotechnology, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

SANA stock: frequently asked questions

What is the intrinsic value of Sana Biotechnology, Inc. (SANA) stock?

Graham's formula only works with positive earnings. Sana Biotechnology, Inc. reported diluted EPS of -$0.96 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Sana Biotechnology, Inc. generate free cash flow?

Sana Biotechnology, Inc. generated -$144.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is SANA's return on invested capital?

Average ROIC over the last 8 fiscal years was -175.7%, and average return on equity was -42.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SANA data come from?

From Sana Biotechnology, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 10, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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